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1of10
Other for sale: 176/178 BALSAM AVENUE, Toronto
176/178 Balsam Avenue
$3,349,000
Toronto , Ontario M4E3C1
10 bed
5 bath
About the Property

Queen/Balsam Multiplex on Massive Beach Ravine Lot! Endless Potential and Prime Location! Welcome to 176/178 Balsam Avenue, a once-in-a-generation opportunity in the heart of The Beach! Sitting on an expansive 60 x 194-foot ravine lot, this fully rented multiplex (4 x 2-bedroom units, 2 bachelor units) offers immediate income plus significant future upside. With Toronto's new "as-of-right" zoning you have the potential to add up to 4 more units (sever the properties and create 2x 4+1 units per lot) without lengthy approvals to maximize ROI! Backed by the lush Glen Stewart Ravine, surrounded by multi-million dollar homes, and in prime Beach, this west-facing property offers the best of Beach living, steps to Queen Street retail, the Boardwalk, top schools (Balmy Beach PS, Glen Ames Sr PS, Malvern CI) and easy transit access.

Hold, expand, or completely reimagine with "as-of-right" zoning, the future is firmly in your hands. Rarely does a property of this size, location, and potential come to market! (id:27476)

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Property Details
MLS® Number
E12132872
Type
Multi-family
Community Name
The Beaches
Land Size
60 x 194 FT
Parking Space Total
12
Building
Building Type
Other
Storeys
2
Square Footage
3000 - 3500 sqft
Bathrooms Total
5
Bedrooms Above Ground
8
Bedrooms Total
10
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A (Finished)
Basement Features
Separate entrance, Walk out
Building Heating Type
Radiant heat
Heating Fuel
Natural gas
Utilities
Water
Municipal water
Utility Sewer
Sanitary sewer
Monthly Payment Calculator
$
%
3.49%
5.5%
6%
7%
Years
15 Years
20 Years
25 Years
30 Years
Your Monthly Payment
$3,625
Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca

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Listing provided by: REAL ESTATE HOMEWARD

$3,349,000 - 176/178 BALSAM AVENUE, Toronto Ontario M4E 3C1, Canada | Real Estate For Sale | HomeAds.ca

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Updated June 16th 2025 6:20 am

Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca
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